{"id":104289,"date":"2021-01-27T11:00:40","date_gmt":"2021-01-27T16:00:40","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=104289"},"modified":"2021-01-27T13:27:12","modified_gmt":"2021-01-27T18:27:12","slug":"members-of-congress-speak-out-on-financial-literacy-education-and-reform","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/members-of-congress-speak-out-on-financial-literacy-education-and-reform\/","title":{"rendered":"Members of Congress speak out on financial literacy education and reform"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmembers-of-congress-speak-out-on-financial-literacy-education-and-reform%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=104289&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><img decoding=\"async\" width=\"313\" height=\"210\" src=\"https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/01\/DOLLAR-313x210.jpg\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" loading=\"lazy\" style=\"float:left;margin:0 15px 15px 0\" \/><\/p>\n<div id=\"attachment_2360899\" style=\"width: 662px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2360899\" loading=\"lazy\" class=\"wp-image-2360899 size-large\" src=\"https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/01\/DOLLAR-652x437.jpg\" alt=\"\" width=\"652\" height=\"437\" \/><\/p>\n<p id=\"caption-attachment-2360899\" class=\"wp-caption-text\">FILE &#8211; This Wednesday, April 3, 2019, file photo shows a box filled with dollar bills, in New York. (AP Photo\/Mark Lennihan)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>\nUPDATED 10:19 AM PT \u2013 Wednesday, January 27, 2021<\/h5>\n<p>Congressmen and women are encouraging Americans to gain financial literacy. During an<a href=\"https:\/\/thehill.com\/homenews\/news\/536017-lawmakers-highlight-need-for-financial-literacy-to-improve-credit\"> event with The Hill<\/a> on Tuesday, lawmakers noted the importance of learning how to manage money from a young age as well as understanding how a credit score is calculated.<\/p>\n<p>Rep. Patrick McHenry (R-N.C.) said there are a number of changes that should be implemented in the credit industry, including increasing competition among companies and adding new ways to tally scores.<\/p>\n<p>&#8220;We have a limited set of data that is under law, the favored data,&#8221; he stated. &#8220;We have to expand that set so you have traditional American activities that are current in this market place.&#8221;<\/p>\n<p>McHenry went on to say the country can become more unified through financial education, training and economic opportunity. Rep. Joyce Beatty (D-Ohio) also discussed education as a way to prepare young people for their financial future.<\/p>\n<p>&#8220;I think we have to start when young people are in school,&#8221; she explained. &#8220;Before you can graduate from high school, you have to understand all the qualities and things that have to be in your portfolio to have good credit, or better yet how to manage your money and how to understand what the ingredients are that will make your credit bad.&#8221;<\/p>\n<p>This comes as Beatty previously co-sponsored bipartisan legislation aimed at educating first-time home owners. The bill, called the <a href=\"https:\/\/www.congress.gov\/bill\/116th-congress\/house-bill\/2162\">Housing Financial Literacy Act of 2019<\/a>, was passed unanimously in the House.<\/p>\n<p>Meanwhile, private organizations such as <a href=\"https:\/\/www.goalsetter.co\/\">Goalsetter<\/a> are also working toward closing the gap in communities that continue to face obstacles to financial literacy. The platform recently announced they raised $3.9 million to expand their banking app, which is aimed at helping children understand finances.<\/p>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/new-cdc-study-supports-efforts-to-reopen-schools\/\"> New CDC study supports efforts to reopen schools<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>FILE \u2013 This Wednesday, April 3, 2019, file photo &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2181150,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/01\/DOLLAR-313x210.jpg","fifu_image_alt":"Members of Congress speak out on financial literacy education and reform","footnotes":""},"categories":[],"tags":[],"class_list":["post-104289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/01\/DOLLAR-313x210.jpg","fifu_image_alt":"Members of Congress speak out on financial literacy education and reform","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/104289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=104289"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/104289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2181150"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=104289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=104289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=104289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}